EMT(SH:601208)2024-10-25 08:35Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,123,201,891.69, representing a year-on-year increase of 12.67%[2] - The net profit attributable to shareholders for Q3 2024 was ¥76,375,381.27, a decrease of 10.71% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥50,789,527.66, down 23.03% year-on-year[2] - Total operating revenue for the first three quarters of 2024 reached ¥3,245,352,849.69, a 14.8% increase from ¥2,825,844,572.81 in the same period of 2023[20] - Operating profit decreased to ¥245,891,024.00, down 28.5% from ¥343,410,381.62 year-on-year[20] - Net profit for the first three quarters of 2024 was ¥222,533,350.26, a decline of 24.2% compared to ¥293,644,354.15 in 2023[21] - Basic earnings per share decreased to ¥0.26 from ¥0.33, reflecting a 21.2% drop[21] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥10,620,630,804.49, reflecting a 6.99% increase from the end of the previous year[3] - As of September 30, 2024, total assets reached RMB 10.62 billion, an increase from RMB 9.93 billion as of December 31, 2023, representing a growth of approximately 6.5%[18] - Current assets totaled RMB 3.84 billion, up from RMB 3.55 billion, indicating an increase of about 8.2%[18] - Total liabilities increased to RMB 5.89 billion from RMB 5.21 billion, reflecting a growth of approximately 12.9%[19] - The company's equity attributable to shareholders reached RMB 4.60 billion, slightly up from RMB 4.57 billion, showing a growth of about 0.2%[19] Cash Flow - The company reported a net cash flow from operating activities of -¥43,119,027.97 for the year-to-date, which is a 67.33% increase compared to the same period last year[6] - Cash flow from operating activities showed a net outflow of ¥43,119,027.97, an improvement from a net outflow of ¥131,982,608.46 in the previous year[23] - Cash inflow from operating activities totaled ¥2,728,815,142.71, up from ¥2,106,266,214.41 in 2023[23] - The net cash flow from investing activities was -615,768,370.33 CNY, compared to -281,904,843.36 CNY in the previous year, indicating a decline in investment performance[24] - The total cash inflow from financing activities increased to 1,887,491,304.07 CNY, up from 1,739,724,751.95 CNY year-over-year[24] - The net cash flow from financing activities improved significantly to 484,051,306.09 CNY, compared to -7,813,972.06 CNY in the same period last year[24] - The company experienced a net decrease in cash and cash equivalents of -174,905,327.30 CNY, compared to -421,201,726.99 CNY in the previous year[24] Shareholder Activities - The total number of ordinary shareholders at the end of the reporting period was 35,151[7] - The company issued 14 million convertible bonds with a total amount of RMB 140 million, which began trading on December 12, 2022, and has a conversion period starting from May 22, 2023, with a total conversion amount of RMB 86,000 by the end of the reporting period[11] - The company repurchased a total of 7,934,891 shares, accounting for 0.8848% of the total share capital, with a total payment of RMB 69,992,758.87, at a maximum price of RMB 10.46 per share and a minimum price of RMB 6.63 per share[12] - The actual controller's action party, Gaojin Fuheng Group, increased its holdings by 5,658,600 shares, accounting for 0.6310% of the total share capital, with an investment amount of RMB 50,004,234.00[14] - Another action party, Yuan Chengcheng, increased his holdings by 5,749,800 shares, accounting for 0.6412% of the total share capital, with an investment amount of RMB 47,974,745.00[15] - A total of 9 directors, supervisors, and senior management personnel planned to increase their holdings with a total investment amount between RMB 4 million and RMB 8 million, and by the end of the reporting period, they had increased their holdings by 553,300 shares, accounting for 0.0617% of the total share capital[16] Operational Challenges and Developments - The company faced challenges in the photovoltaic and epoxy resin supply chain, leading to a decline in gross margins for certain products[3] - The company’s new industrial projects in new energy materials, optical film materials, and electronic materials have contributed to a revenue increase of 14.85% year-to-date[3] - The company has ongoing investments in new technologies and market expansion strategies, although specific figures were not disclosed in the report[19] Research and Development - Research and development expenses were ¥140,418,041.55, down 8.5% from ¥153,530,234.83 in the same period last year[20] Other Income and Expenses - Total operating costs increased to ¥3,102,564,310.20, a rise of 18.1% from ¥2,625,945,747.30[20] - Other income rose to ¥83,539,444.73, compared to ¥60,619,971.17 in the previous year, marking a 37.6% increase[20] - Investment income increased to ¥21,394,642.19, up from ¥17,999,563.30, reflecting an 18.5% growth[20]